SOURCE: Domark International, Inc.

December 15, 2009 13:39 ET

DoMark International, Inc. Filed for Arbitration Against VLFE

ORLANDO, FL--(Marketwire - December 15, 2009) - DoMark International, Inc. (OTCBB: DOMK) filed for arbitration under the auspices of the American Arbitration Association on December 1, 2009, for rescission and consequential damages arising out of the contract to purchase Victory Lane, LLC from Victory Lane Financial Elite, LLC.

As disclosed in previous filings, DoMark sued to rescind the Victory Lane LLC acquisition and for consequential damages in the U.S. District Court, Middle District of Florida, on August 10, 2009. On the same day, Victory Lane Financial Elite LLC, the former principal of Victory Lane LLC, simultaneously filed suit in Tattnall County Georgia. DoMark has filed a motion for the dismissal of the Tattnall County action against DoMark and expects all claims to be adjudicated in arbitration pursuant to AAA procedures.

Forward-Looking Statements

The statements contained in this news release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations. Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed from time to time in reports filed by the Company with the Securities and Exchange Commission.

Contact Information

    Scott Sieck